IMAGE  EVALUATION 
TEST  TARGET  (MT-3) 


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CIHM/ICMH 
Microfiche 


CIHM/ICMH 
Collection  de 
microfiches. 


Canadian  Institute  for  Historical  Microreproductions  Institut  Canadian  de  microreproductions  historiques 

1980 


Technical  Notes  /  Notes  techniques 


The  Institute  has  attempted  to  obtain  the  best 
original  copy  available  for  filming.  Physical 
features  of  this  copy  which  may  alter  any  of  the 
images  in  the  reproduction  are  checked  below. 


0 

n 


Coloured  covers/ 
Couvertures  de  couleur 


Coloured  maps/ 

Cartes  g6ographiques  en  couleur 


Pages  discoloured,  stained  or  foxed/ 
Pages  d6color6es,  tachet6es  ou  piqudes 

Tight  binding  (may  cause  shadows  or 
distortion  along  interior  margin)/ 
Reliure  serrd  (peut  ceuser  de  I'ombre  ou 
de  la  distortion  le  long  de  la  marge 
intdrieure) 


L'Institut  a  microfilm^  le  meilleur  exemplaire 
qu'il  lui  a  6t6  possible  de  se  procurer.  Certains 
d6fauts  susceptibles  de  nuire  d  la  qualitd  de  la 
reproduction  sont  not6s  ci-dessous. 


n 


n 


Coloured  pages/ 
Pages  de  couleur 


Coloured  plates/ 
Planches  en  couleur 


Show  through/ 
Transparence 


Pages  damaged/ 
Pages  endommagdes 


Th« 
po) 
of 
filr 


Th( 
coi 
or 

api 

Thi 
filr 
ins 


in 
up 
bo 
fol 


r~Ti       Additional  comments/ 

Iv  I       Commentaires  suppldmentaires 


Fold-out  maps,  charts,  etc.,  may  be  filmed  at  a  different  reduction  ratio 
than  the  rest  of  the  book. 


Bibliographic  Notes  /  Notes  bibliographiques 


n 
n 


Only  edition  available/ 
Seule  ddition  disponible 


Bound  with  other  material/ 
Reli6  avec  d'autres  documents 


Cover  title  missing/ 

Le  titre  de  couverture  manque 


n 
0 


Pagination  incorrect/ 
Erreurs  de  pagination 


Pages  missing/ 

Des  pages  manquent 


Maps  missing/ 

Des  cartes  gdographiques  manquent 


D 


Plates  missing/ 

Des  planches  manquent 


D 


Additional  commants/ 
Commentaiies  suppl6mentaires 


The  images  appearing  here  are  the  best  quality 
possible  considering  the  condition  and  legibility 
of  the  original  copy  and  in  keeping  with  the 
filming  contract  specifications. 


The  last  recorded  frame  on  each  microfiche  shall 
contain  the  symbol  —^(meaning  CONTINUED"), 
or  the  symbol  V  (meaning  "END"),  whichever 
applies. 


Les  images  suivantes  ont  M  reproduites  avec  ie 
plus  grand  soin,  compte  tenu  de  la  condition  et 
de  la  nettet6  de  I'exemplaire  film6,  et  en 
conformity  avec  les  conditions  du  contrat  de 
filmage. 

Un  des  symboies  suivants  apparaTtra  sur  la  der- 
nidre  image  de  cheque  microifiche,  selon  Ie  cas: 
Ie  symbole  — *>  signifie  "A  SUIVRE",  Ie  symbole 
V  signifie  "FIN". 


The  original  copy  was  borrowed  from,  and 
filmed  with,  the  Itind  consent  of  the  following 
institution: 

Library  of  the  Public 

Archives  of  Canada 

iVIaps  or  plates  too  large  to  be  entirely  included 
in  onu  exposure  are  filmed  beginning  in  the 
upper  left  hand  corner,  left  to  right  and  top  to 
bottom,  as  many  frames  as  required.  The 
following  diagrams  illustrate  the  method: 


L'exemplaire  film6  fut  reproduit  grdce  d  la 
g6n6rosit6  de  I'dtablissement  prAteur 
suivant  : 

La  bibliothdque  des  Archives 

publiques  du  Canada 

Les  cartes  ou  les  planches  trop  grandes  pour  dtre 
reproduites  en  un  seul  clichd  sont  film6es  d 
partir  de  Tangle  sup6rieure  gauche,  de  gauche  d 
droite  et  de  haut  en  bas,  en  prenant  Ie  nombre 
d'images  n6cessaire.  Le  diagramme  suivant 
illustre  la  mdthode  : 


1 

2 

3 

1 

2 

3 

4 

5 

6 

mmm 


^; 


T  H  K 


^^fP 


Iticap  and  pnada  Soittliern 


RAILWAY  COMPANY. 


ff*«!!^^l^ff''lP" 


".H»W^"    'I      II  »!    I    II   .VW •^nn-'-p—^  ■ 


Ir 


E.' 


THE 


■ 


RAILWAY    COMPANY. 


— «-    m — ♦- 


PROSPECTUS, 


AND 


OTHER.     HDOOUIiyCEIsrTS. 


New  York : 

E.  WELLS  SACKETT  &  BRO.,  STATIONERS,  AND  JOB  &  LAW  PRINTERS, 

Corner  William  and  Pine  Streets. 

1872. 


SIC 

J. 

KE 

Mil 


GEO 


PPPICERS     OP    THE     pOMPANY. 


PRKSIDKNT. 

MILTON  COURTRIGHT. 

VICH3-PRK8IDKNT, 

J.  W.  CONVERSE. 


DIRECTORS, 


SIDNEY  DILLON, 
J.   W.  CONVERSE, 
KENYON  COX, 
MILTON  COURTRIGHT, 


JOHN  F.  TRACY. 


DANIEL  DREW, 
WM.  L  SCOTT, 
GEO.  GOSS, 
CHESTER  WARNER. 


SKCRETARY, 

ALLYN  COX. 

,    TREA^STTRERS, 

CHESTER  WARNER,  Chicago.  III. 
KENYON  COX,  New  York. 

CHIEF    EN-G-INEER, 

ROBERT  L  HARRIS. 


CO^rSULTINGf    ENGIN       -R, 

F.  N.  FINNEY. 


SOLICITORS, 

GEO.C.CAMPBELL,ofChicago;Hon.CHAS.  I.  WALKER,  Detroit 
CHARLES  TRACY.  New  York  City. 


PROSPECTUS 


OP   THE 


Chicago  and  Canada  Southern 


RAILWAY   COMPANY. 


h 


The  Chicago  and  Canada  Southern  Railway  is 
"the  closing  link  between  Chicago  and  the  western 
terminus  of  the  Canada  Southern  Railway,  on  the  De- 
troit River  (which  latter  road  will  be  completed  by- 
January  1st  ensuing),  and  is  the  most  direct  and  level 
line  attainable  between  these  points. 

It  is  260  miles  long,  with  a  branch  to  Toledo  36 
miles  in  length,  diverging  from  the  main  line  190  miles 
east  of  Chicago.  The  distance  from  the  eastern  ter- 
minus of  the  main  line  to  Detroit  by  the  Toledo, 
Canada  Southern  and  Detroit  Railway  is  10  miles, 
making  the  distance  from  Chicago  to  Toledo  226,  and 
to  Detroit  266  miles. 

This  Railway,  the  Canada  Southern,  and  branches, 
are  substantially  one  undertaking,  under  the  same 
general  management  and  control. 

The  principal  objective  points  are  Buffalo,  Chicago, 
Toledo  and  Detroit.  It  will  therefore  be  a  connecting 
link  between  the  great  systems  of  railways  diverging 
from  these  important  commercial  centres,  which  can 
now  supply  to  it  a  traffic  equal  to  its  utmost  capacity. 


6 

To  connect  these  important  systems  there  arc  now  but 
two  existing  roads,  viz.  :  the  Lake  Shore  and  Micliigan 
Southern  on  the  south,  along  the  south  shore  of  Lake 
Erie,  and  the  Great  Western  and  Michigan  Central 
on  the  north. 


The  Capital  of  the  Chicago  and  Canada 
Southern  and  the  Canada  Southern 
Railways  will  be        .        .        . 

That  of  the  Great  Western  and  kichigan 
Central  is 

And  that  of  the  Lake  Shore  and  Michgan 
Southern  is  .... 

The  distance  by  the  Chicago  and  Canada 
Southern  and  Canada  Southern  Rail- 
ways from  Chicago  to  the  west  end  of 
the  International  Bridge  at  Buffalo  is 

By  the  Michigan  Central  and  Great  West- 
ern Loop  Line  (their  shortest  line) 

By  the  Lake  Shore  and  Michigan  South- 
ern (their  shortest  line)  to  Buffalo 


$30,000,000 
$55,000,000 


$75,000,000 


482  miles. 


510  miles. 


524  miles. 


The  maximum  grade  of  the  Chicago  and  Canada 
Southern,  like  that  of  the  Canada  Southern  Railway, 
is  15  feet  to  the  mile,  with  an  alignment  equally 
favorable. 

William  J.  McAlpine,  Esq.,  in  his  report  as  Con- 
sulting Engineer  of  the  Canada  Southern  Railway, 
after  alluding  to  the  advantages  in  distance  which 
these  lines  had  in  their  favor  to  the  principal  objective 
points,  says : 

« 

"  There  is,  however,  a  more  important  question  to  be 
"  considered  between  your  line  and  that  of  any  existing 


(1 


"ei 
"tal 

"tri 

1 1 , 


"  one,  or  any  that  can  be  built,  being  that  of  its  superior 
"  advantages  of  grades  and  alignment. 

"  It  is  somewhat  diflBcuItto  stdte  the  moneyed  value 
"  of  the  latter,  as  in  it  is  involved  the  questions  of  safety, 
"  speed  and  operating  expenses. 

"  In  regard  to  grades,  the  rule  may  be  assumed,  as 
"  sufficiently  accurate  for  this  comparison,  that  one  of 
"  twenty  feet  j)er  mile,  lessens  the  cargo  tonnage  of  a 
"  locomotive,  half  of  that  which  it  will  haul  upon  a  level, 
"  and  that  an  engine  of  thirty  tons  will  haul  three  hun- 
"  dred  tons  of  cargo,  on  the  average  of  the  year  round 
"  (ast(mnage  is  presented  of  different  proportionsof  bulk 
"and  weight  and  with  the  different  conditions  of  the 
"  rail),  on  a  grade  of  15  feet  per  mile.  It  is  quite  true 
"  that  such  engines  often  haul  twice  this  load,  but  expe- 
•'  rienced  railway  men  will  doubtless  consider  the  above 
"  as  fair,  in  its  practical  application  to  the  subject  under 
"  discussion. 

"  It  will  be  noticed,  that  in  the  following  calculations, 
'  the  average  load  of  an  engine  of  30  tons,  has  been 
"  taken  at  300  tons  on  a  ruling  grade  of  15  feet  per 
"  mile,  lor  the  mixed  traffic  of  a  railway.  If,  however, 
' '  v/e  are  to  consider  the  movement  of  regular  fixed  items 
"  of  freight,  such  as  grain,  stock,  oil,  coal  or  lumber,  the 
"  load  of  such  an  engine,  over  such  grades,  should  be 
"  taken  at  400  tons  for  an  average  of  the  condition  of 
"  the  rails,  weather,  and  the  other  circumstances  men- 
"  tioned. 

"  The  Grreat  Western  line  encounters  grades  of  60 
"  feet  to  the  mile  going  westward,  and  those  of  55  feet 
"  eastward.  It  is  considered  as  a  fair  practical  presen- 
"  tation  of  this  question,  to  assume,  that  in  regard  to  the 
"trade  moving  eastward,  the  engines  on  its  existing 
"  main  liue,fwill  encounter  grades  of  25  feet  on  its  west- 


"  ern  half,  and  those  of  65  feet  on  the  eastern  half,  and 
"  on  the  suggested  Glencoe  "  Loop,"  grades  going  cast, 
"  of  25  feet  for  the  western  half,  and  those  of  35  feet  for 
"  the  eastern  half. 

"  The  controllinggradesofall,  except  one  of  the  work- 
"ing  divisions  of  the  Lake  Shore  Railway  proper  (to 
"  Toledo),  are  35  feet,  and  those  of  the  Michigan  South- 
"  ern  and  Central  are  from  36  to  45  feet  to  the  mile. 

"  Applying  the  rule  before  stated,  to  these  several 
"lines,  it  will  be  found  that  this  line  will  have  the 
"  following  percentages,  in  its  favor,  over  the  above- 
"  mentioned  lines  in  addition  to  those  of  distance,  viz.  : 
"  as  against  the  existing  line  of  the  Great  Western, 
•'of  66  per  cent.,  of  the  Michigan  Southern,  of  5'^  ^  " 
"  cent. ;  or,  as  applied  to  the  suggested  "  Loo; ,  p^^  1 
'  to  the  Lake  Shore,  of  40  per  cent. 

"  When  we  combine  all  of  these  advantages  of  ^  /ur 
"  line,  we  find  in  its  favor,  1st :  That  the  saving  in  the 
"  length  of  miles  of  construction  is,  from  33  to  55  miles 
"  in  length  over  its  competitors.  2d :  That  the  saving 
"in  the  cost  of  maintaining  and  operating  in  regard  to 
"distance  alone,  will  be  in  the  same  ratio.  3d  :  That 
"  the  saving  in  maintaining  and  operating,  effected  by 
"  the  lesser  grades  and  more  direct  alignment,  will  be 
"  from  40  to  60  per  cent.  ;  and,  4th  :  That  by  its  shorter 
"  line,  a  diminished  speed  of  trains  will  reach  the  ob- 
"  jective  points  in  the  same  time,  the  saving  of  which 
"  may  be  taken  as  shown  by  the  same  ratios.  That  is, 
"  that  practically,  the  cost  of  all  the  expenses  of  run- 
"  ning  a  train  are  nearly  in  the  direct  ratio  of  its 
"  speed. 

"When  all  of  the  advantages  over  any,  and  all,  of 
"  the  existing  and  projected  competing  lines,  are  again 
'*  combined,  the  result  proves  that  your  railway  will  not 


1 


only  be  highly  productive  to  its  promoters,  but  will 
also  result  in  great  advantage  to  all  of  its  connecting 
western  and  eastern  lines. 

"  Both  of  the  existing  railways  which  were  located 
at  an  early  day's  engineering  across  the  Peninsula  of 
Michigan,  encounter  heavy  grades,  and  it  would  be 
difficult  to  avoid  them  without  radical  changes  in  their 
lines.  The  Goshen  branch  of  the  Southern  Michigan 
avoids  the  elevation  encountered  upon  the  main  line, 
but  even  it  is  not  far  enough  south  at  its  western  end 
to  secure  the  lowest  grades  for  the  whole  line  be- 
tween Chicago  and  Lake  Erie.  The  extension  of 
your  road  over  that  Peninsula,  is  found  to  be  not 
only  shorter  than  any  of  the  existing  lines,  but  also 
susceptible  of  grades  of  not  exceeding  15  feet. 

"  There  is  a  remarkable  geographical  feature  of  the 
country  through  Central  New  York,  which  must  not 
be  lost  sight  of  in  this  discussion.  The  chain  of  moun- 
tains which  extend  through  Virginia,  Maryland  and 
Pennsylvania,  flatten  down  to  the  low  table  lands  in 
western  New  York,  and  allows  the  vast  volume  of 
the  water  from  the  upper  Lakes,  to  flow  past  its 
northern  boundary  to  the  Atlantic.  Penetrating 
this  ))lateau  from  the  eastward,  is  the  Mohawk 
River,  which  virtually  extends  the  Lake  Erie  pla- 
teau, on  nearly  a  level  plane,  to  within  a  hundred 
miles  of  the  Hudson. 

"The  elevation  of  Chicago  is  565  feet  above  New 
York  City  ;  hence,  the  planes  connecting  the  two 
places  will  generally  be  in  the  direction  of  the  heav- 
iest traflic,  and  gravity  becomes  an  important  assist- 
ance to  the  railway  tonnage  in  that  direction,  and 
therein  differs  from  the  lines  of  artificial  water  com- 
munication by  locks,  because  upon  the  latter  (an  idea 


0 


seldom  thought  of),  it  costs  as  much  to  go  down  hill 
as  it  does  to  go  up,  much  more  than  it  does  upon  a 
level. 

"  A  line  of  railway  extending  from  Buffalo  to  the 
Hudson  River,  with  grades  which  will  not  exceed 
16  feet,  is  attainable.  Such  a  line  need  not  diverge 
from  existing  or  projected  lines,  except  in  particular 
places. 

"  It  then  appears,  that  a  continuous  line  of  railway 
between  Chicago  and  New  York,  running  over  this 
line,  may  be  made,  upon  which  the  maxima  grades 
will  not  exceed  15  feet  per  mile. 
"  This  whole  line  and  alterations  will  be  built  at  an 
early  day,  and  its  effect  upon  the  through  traffic  will 
form  an  epoch  in  the  history  of  American  rail- 
ways." 


The  line  of  this  road  passes  through  a  well  settled 
country,  similar  io  and  equally  as  productive  as  that 
through  which  the  Michigan  Southern  or  Central 
passes,  and  will  therefore  have  the  same  advantages 
in  local  traffic. 

As  applicable  to  the  through  traffic,  the  following 
extracts  are  taken  from  the  prospectus  of  the  Canada 
Southern  Railway  Company  : 

"  The  best  idea  of  the  through  business  which  this 
railway  may  expect,  can  be  derived  from  a  statement 
of  the  immense  area,  population,  wealth,  resources 
and  progress  of  the  States  lying  along  and  west  of  its 
western  terminus.  These  States  are  Michigan,  In- 
diana, Illinois,  Missouri,  Kansas,  Nebraska,  Iowa, 
Wisconsin  and  Minnesota.  They  contain  an  area  of 
500,798  square  miles,  and  had  a  population  in  1870  of 


11 


10,280,371.  The  following  statement  will  show  the 
area  of  each  State,  the  population,  and  the  nnraber  of 
miles  of  railway  in  each,  in  1860  and  1870: 

Area.               Population,           Population,        Miles  of  Miles  of 

Square  Miles.             1800.                      1870.            RR.  1800.  R.R.  1870. 

Michigan 56,451          749,113        1,184,296        779  1,733 

Indiana 33,809       1,350,428        1,673,046     2,163  3,177 

lUinois 55,400       1,711,951        2,539,678     2,799  4,823 

Missouri 65,350       1,182,012        1,715,000        817  2,040 

Kansas 81,310          107,206           362,871      1,401 

Nebraska 75,995            28,841           123,000      578 

Iowa 55,036          694,913        1,191,802        655  2,550 

Minnesota 83,521          172,023           435,511      972 

Wisconsin 53,921          775,881        1,0.  .,167        905  1,350 

560,793        6,772,368    10,280,371      8,118  18,624 


The  population  of  these  States  increased  in  the 
period  of  10  years,  3,508,003,  over  50  per  cent.  The 
railroad  mileage  in  the  same  time  increased  10,506 
miles,  or  nearly  130  per  cent.  At  a  similar  rate  of 
increase,  these  States  will  have  in  ten  years  from  this 
time,  15,000,000  inhabitants,  and  40,000  miles  of  rail- 
way. But  this  is  by  no  means  all.  New  States  are 
speedily  forming  out  of  Territories  already  containing 
large  populations,  while  the  railroads  across  the  con- 
tinent will  bring  to  all  the  eastern  lines  an  immense 
traffic  from  the  interior  and  from  the  Pacific  Coast. 
With  that  of  the  Territories,  the  increase  of  population 
in  the  West  cannot  be  less  than  600,000  annually. 
The  yearly  increase  alone  is  adequate  to  the  sup- 
port of  a  lirst-class  road  to  bear  their  products  to 
market. 

The  States  named  in  the  preceding  table  produced 
in  1870  400,000,000  bushels  of  corn,  and  150,000,000 
bushels  of  wheat.  The  tonnage  of  this  vast  quantity 
exceeds  18,000,000  tons.     But  this  tonnage,  great  as 


12 


it  is,  is  but  II  titho  of  what  will  be  [)r()(luccd  with  tlieir 
increased  |)0[)ulation,  and  under  the  stimulus  oC  cheap 
trans[)()rtation.  The  transportation  of  stock,  and  ani- 
mal food  of  various  kinds,  constitutes  a  larger  source 
of  income  of  our  through  lines  than  that  of  grain. 
This  kind  of  traffic  is  increasing  much  more  rapidly 
than  any  other.  The  Eastern  States  are  becoming 
more  dependent  every  year  upon  the  far  West  for 
their  supply  of  animal  food.  Stock  can  be  raised  and 
transported  at  a  profit  far  bej^ond  the  })rofitable  limit 
for  grains  on  account  of  the  greater  value  of  the 
former. 

But  the  raj)id  increase  of  the  tonnage  of  our  rail- 
roads is  much  more  wonderful  than  the  increase  in 
population. 

The  tonnage  in  1860  of  the  live  great  roads  coming 
into  Chicago  from  the  West  ;  the  Chicago  and  Nortli 
Western,  the  Chicago  and  Uock  Island,  the  Chicago, 
Burlington  and  Quincy,  the  Chicago  and  Alton,  and 
the  Illinois  Central,  amounted  to  0,767,200  tons.  In 
1860  the  tonnage  of  these  roads  did  not  exceed  1,500,- 
000.  The  increase  in  10  years  e(]ualed  5,207,200,  or 
350  per  cent.,  or  an  average  increase  of  35  per  cent., 
yearly. 

The  tonnage  of  the  three  great  lines  from  the  West 
terminating  on  the  sea-board — the  New  York  Central, 
the  Erie,  and  the  Pennsylvania  Railroads,  increased 
from  1850  to  1800,  a  period  of  ten  years,  from 
2,873,631  tons  to  12,007.080  tons,  or  an  average  of 
35  per  cent.,  annuall3\  While  this  percentage  cannot 
be  maintained,  the  actual  annual  increase  will  be  much 
greater. 

The  following  statement  will  show  the  tonnage  of 


18 


the  five  roads  entering  Chicago  from  the  West,  for  a 
period  of  five  years,  ending  with  1869  : 


Illinois  Cen- 
tral 

Chicago  and 
Alton. 

Chicago,  Rock 

iHland  and 

Pacific. 

Chicigo,  Buf- 

lingii.ii  and 

Quincy. 

Chicago  and 

N)rth  West 

cm. 

1865 

1:022,024 

386,197 

441,510 

80!»,674 

956,581 

18f)(i 

l,03t,!)4f> 

511,012 

472,557 

737,511 

1,137,515 

1807 

1,153,175 

636,360 

459,986 

821,883 

1,726,919 

1868 

1,439,675 

915,682 

654,435 

937,489 

1,982,429 

1869 

1,601,972 

1,076,678 

846,887 

1,029, 746 

2,211,826 

I 


Such  rates  of  increase  show  how  iimch  more  rapidly 
the  products  and  wealth  of  the  country  increase  than 
its  population.  Such  evidence  as  this,  drawn  from 
the  reports  of  railroad  companies,  show  the  absolute 
necessity  of  constantly  increased  provision  for  trans- 
porting the  products  of  the  interior  to  the  sea-board, 
and  that  no  provision  that  is  likely  to  be  made  will 
equal  the  demand. 

While  the  progress  of  railroads  has  been  so  rapid 
in  the  West,  no  great  independent  outlets  have  been 
opened  for  them  to  the  Eastern  market  during  the  last 
ten  years. 

Mr.  E.  H.  Walker,  Statistician  for  the  New  York 
Produce  Exchange,  has  kindly  furnished  the  annexed 
interesting  official  statement,  showing  the  average  an- 
nual cost  of  transi)ortation  of  wheat  and  corn  by  water, 
iVom  Chicago  to  New  York,  including  handling  and 
other  charges,  for  the  past  fourteen  years.  This  has 
been  in  round  numbers  28  cents  per  bushel  for  wheat, 
both  by  Oswego  and  Buffalo,  and  for  the  year  1870, 
was  22  cents  per  bushel ;  corn  being  carried  at  about 
the  same  rate  for  the  same  weight. 

The  toll  on  the  Erie  Canal  for  the  last  year  was  3 
cents  per  bushel,  with  freight  exceptionally  low.  If 
the  Erie  Canal  is  ever  made  free  from  toll,  it  will  only 


14 


reduce  the  cost  of  transportation  by  water  to  this  ex- 
tent. This  is  the  only  reduction  possible,  short  of  an 
enlargement  ot  the  canal. 

The  practice  of  purchasing  grain  at  the  stations 
upon  the  road  west  of  Chicago  is  increasing  among 
grain  dealers.  This  saves  all  charges  at  Chicago  and 
Buffalo.  These  transfers  and  other  charges  cannot  be 
avoided  if  brought  by  water. 

Another  consideration  of  no  small  importance,  is 
the  shorter  time  of  transit  and  the  better  condition  in 
which  the  grain  reaches  market. 

A  freight  train  of  40  cars,  with  14,000  bushels  of 
wheat,  which  can  always  be  relied  upon,  from  Chicago 
to  New  York,  (925  miles,)  over  a  railway  with  a  good 
road-bed,  steel  rails,  and  with  grades  not  exceeding 
15  feet  per  mile,  and  a  return  with  one-fourth  (100 
tons)  the  weight,  (which  is  about  the  proportion  of 
back  freight,)  can  be  taken  at  a  cost  of  not  to  exceed 
$1.00  per  mile  run,  or  for  1,850  miles,    .     .     $1,850 

Terminal,  and  other  charges,     .         .         .  408 


Total, 

This  includes  the  cost  of  working  and 
maintaining  the  railway  and  e(iuipment, 
together  with  every  other  expense,  ex- 
cept interest  on  capital. 

14,000  bushels  of  wheat  at  17  cents 
per  bushel,  is     .         .         .         .  $2,380 

100  tons  mixed  freight  back, 
at  75  cents  per  hundred,  is  .     .     1,500 


$2,318 


3,880 


Leaving  a  net  profit. of    .... 
or  over  40  per  cent,  upon  the  gross  earnings. 


$1,502 


16 


IS 


of 


.880 


.,5r)2 


A  32-ton  locomotive  will  transport  over  such  a  road 
60  cars,  with  21,000  bushels  of  wheat,  with  a  return 
freight  of  one-quarter  the  above  (say  150  tons),  at  a 
cost  of  $1.25  per  mile  run  ;  this  would  reduce  the  cost 
of  transporting  the  wheat  to  14  cents  per  bushel,  and 
the  back  freight  to  00  cents  per  hundred. 

The  traffic  of  existing  railroads  has  been  constantly 
gaining  over  water  routes,  between  Chicago  and  New 
York.  The  reduction  in  cost  that  can  be  made  on  this 
line  will  not  only  add  to  its  tonnage  from  ordinary 
sources,  but  enable  it  to  draw  to  an  unlimited  extent 
upon  that  which  has  heretofore  gone  by  water. 

Over  such  a  railway  as  has  been  described,  and 
which  is  entirely  practicable,  produce  from  Chicago 
and  stations  west,  can  certainly  be  transported  cheaper 
to  New  York  than  by  any  existing  water  communi- 
cation, and  it  is  believed,  cheaper  than  by  any 
improved,  or  enlarged  navigation  practicable. 

In  connection  with  tb*  transportation  of  grain 
through  the  St.  Lawrence,  which  is  now  of  considera- 
ble magnitude  and  rapidly  increasing,  the  line  to 
Hamilton  becomes  particularly  important.  The  dis- 
tance from  Chicago  to  Lake  Ontario,  by  water,  is  not 
only  long  and  circuitous,  but  involves  passing  through 
the  Welland  Canal,  the  locks  of  which  are  only  26 5 
by  150  feet  in  the  chamber.  The  locks  between  Lake 
Ontario  and  Montreal  are  45  by  200  feet,  the  latter 
admitting  vessels  or  barges  of  very  much  greater  ca- 
pacity— sea-going  ships.  Of  54,000,000  bushels  of 
grain  destined  through  the  Welland  Canal,  10,000,000 
bushels,  or  nearly  20  per  cent,  were  lightered  over 
the  Welland  Railway,  which  was  built  by  the  side  of 
the  canal  for  that  [)urpose.  Taking  grain  by  all  rail 
direct  to  Hamilton,   this  lightering  and  expense  of 


16 

passing  tlio  Wolland  Canal  will  be  avoided,  and  it  can 
there  either  be  put  into  a  class  of  .ships  safe  for  a  sea 
voyage,  or  into  large  barges,  tor  either  Oswego,  Mon- 
treal or  (Quebec,  at  which  two  latter  places  it  can  be 
sent  abroad  by  a  still  larger  class  cf  shipn.  ^'xrain  ciin 
be  taken  from  Chicago  to  the  head  of  Lake  Ontario  at 
Hamilton,  450  miles,  and  transferred  into  vessels  or 
barges  throngh  an  elevator,  for  eightcents  per  bushel. 
Airing  grain  occasionally,  through  an  elevator,  on  a 
long  voyage,  is  worth  to  the  grain  all  it  costs.  The 
transportation  of  grain  b}^  this  route  will  doubtless 
become  important,  and  add  largely  to  the  traffic  of  our 
railway. 

The  receipts  of  the  Lake  Shore  and  Michigan  South- 
ern Railway  in  1871  were  $14,800,000,  and  but  for 
the  want  of  capacity  to  do  the  business  offered,  would 
have  been  greater.  If  more  facilities  are  necessary 
now  to  relieve  this  blockade,  they  will  be  imperatively 
necessary,  upon  the  completion  of  the  additional  rail- 
ways, now  in  course  of  construction  from  the  eastern 
and  western  termini  of  this  line  of  railwav. 


The  gross  earnings  of  the  Great  West- 
ern and  Michigan  Central  last  year 
were,  in  round  numbers, 

The  Lake  Shore  and  Michigan  South- 
ern,    ....  .         . 


5i^<j,300,000 
$14,800,000 


Total,     ....      $24,100,000 
The  gross  earnings  of  these  roads  this 
year  are  estimated  at,       .         .         .         $28,300,000 


Increase, 


$4,200,000 


Fil 


This  increase  of  business,  the  growth  of  a  single 


17 


,000 

),000 
I), 000 

0,000 


year,  would  alone  be  sufficieut,  considering  the  small 
capital  of  the  Chicago  and  Canada  Southern  and  tho 
Canada  Southern  Railways  and  the  cheapness  with 
which  they  can  be  worked,  to  produce  a  net  revenue 
almost  sufficient  to  pay  the  interest  on  the  whole  cap- 
ital of  these  two  companies. 

The  low  grades  and  perfect  alignment  of  this  Rail- 
way, like  that  of  the  Canada  Southern,  will  admit 
transportation  of  passengers  at  the  highest  speed,  and 
under  the  conditions  of  the  most  perfect  safety.  It 
will  have  the  same  economical  advantages  in  the  trans- 
portation of  passengers  as  it  will  have  in  that  of 
freight. 

It  will  start  off  with  the  advantages  of  distance, 
grades  and  alignment,  largely  in  its  favor,  and  with 
Steel  Rail  and  new  equipment  and  appliances  of  the 
most  approved  modern  kind.  With  its  ability  there- 
fore for  cheap  transportation,  and  all  its  other  advan- 
tages combined,  it  is  difficult  to  estimate  the  traffic 
which  must  necessarily  pass  over  this  and  the  Canada 
Southern  Railway,  the  most  favorable  link  in  that  line 
of  transit,  over  which  so  important  a  portion  of  the 
business  of  the  continent  naturally  passes. 


ASSETS. 

Capital  stock  authorized,     .         .         .     $10,000,000 
First  mortgage,  7  per  cent,  sinking  fund 

bonds, 8,000,000 


$18,000,000 


la 


COST. 

The  cost  of  the  Railway  equipment  and 
appurtenances  complete,  as  estimated 
by  the  Chief  Kti«(ineer,  is     .         .      . 

To  this  must  be  added  for  commissions, 
office  and  legal  expenses,  jind  contin- 
gencies  

Total,      .         .         .         . 


12,500,000 


1,500,000 
$14,000,000 


Based  on  the  payment  of  one-half  in  the  capital 
stock  of  the  Comi)any  ($7,000,000)  and  the  remainder 
in  first  mortgage  bonds  of  the  Company  ($7,000,000). 

This  will  leave  three  millions  of  the  stock  and  one 
million  of  the  bonds  in  the  hands  of  the  Company. 

Sufficient  of  the  securities  have  already  been 
placed,  to  provide  all  the  means  necessary  to  pro- 
cure the  right  of  way,  fence,  grade,  bridge,  and  pre- 
pare the  road-bed  upon  the  whole  line  of  railway, 
for  the  superstructure,  and  to  furnish  the  rails  for, 
and  complete  fifty  miles  of  the  same. 
The   estimated   annual    gross   receipts 

from  traffic  are,         .... 
The  working  expenses  should  not  exceed 

55  per  cent,  of  the  gross  earnings, 

even  at  the  minimum  rates,  or     . 


14,000,000 


Leaving  of  net  revenue. 
The  annual  interest  on  the  bonds  is 
$560,000,  and  the  contributions  to  the 
Sinking  Fund  will  average,  say  $80,- 
000;  this  provides  for  the  payment  of 
the  interest   and   debt   at  maturity. 

Making 

Leaving  net,     . 


2,200,000 
$1,800,000 


640,000 
$1,160,000 


which  is  equal  to  IG5  per  cent,  on  $7,000,000  of  stock. 


X 


.000 


),000 


19 

The  line  is  permanently  located,  and  right  of  way 
mostly  obtained.  The  steel  rails  for  one-half  the  entire 
line  are  purchased,  twenty-live  miles  of  the  road  are 
completed,  and  fifty  miles  more  will  be  finished,  at  the 
east  end,  this  year.  The  grading  on  the  balance  will 
be  so  far  advanced  by  next  S[)ring  that  track  laying 
can  be  resumed  at  the  end  of  the  finished  seventy-five 
miles,  and  pushed  westward  uninterruptedly  to  com- 
pletion. The  part  first  completed  will  be  brought  into 
successful  use  as  fast  as  the  track  is  laid,  as  it  will  have 
an  outlet  over  the  Canada  Southern. 

It  is  the  design  of  the  Company  to  have  the  whole 
line  of  railway  completed,  equipped,  and  ready  for 
operation  during  next  year. 

A  copy  of  the  Bond  and  Mortgage  is  hereto  ap- 
pended. 

M.    COURTRIGHT, 

President. 

New  York,  August,  1872. 


,000 


V 


MORTGAGE. 


This  Indkntitrk,  made  thiB  tirst  day  of  April,  in  the 
year  of  our  ^ord  one  tliousand  eiglit  hundred  and 
seventy-two,  between  the  Ciiica(}o  and  Canada  South- 
ern Railway  Company,  a  body  politic  and  corponite, 
«^\iHtin^  under  and  by  virtue  of  the  law8  of  the  States  of 
TlliiioiH,  Indiana,  Ohio  and  Micrhigan,  authorizing  the 
consolidation  of  Railroad  Companies  to  form  a  con- 
nected and  continuous  line  of  Railway,  party  of  the  first 
part,  and  Andrew  T.  Hall,  of  Boston,  in  the  State  of 
Massachusetts,  and  Ken  yon  Cox,  of  the  City  of  New 
York,  Trustees  as  hereinafter  mentioned,  parties  of  the 
second  part,  witnesseth  : 

Wliereas^  The  Michigan  Air  Line  Railroad  Company, 
a  corporation  existing  under  and  by  virtue  of  the  laws 
of  the  State  of  Illinois ;  the  Chicago  and  Canada  South- 
ern Railway  Company,  a  corporation  existing  under  and 
by  virtue  of  the  laws  of  the  State  of  Indiana  ;  the  North- 
western Ohio  Railroad  Company,  a  corporation  existing 
under  and  by  virtue  of  the  laws  of  the  State  of  Ohio,  and 
the  Southeastern  Michigan  Railway  Company,  a  corpo- 
ration existing  under  and  by  virtue  of  the  laws  of  the 
State  of  Michigan  ;  have,  under  and  by  virtue  of  the  laws 
of  tlie  said  several  States  of  Illinois,  Indiana,  Ohio  and 
Michigan,  become  one  consolidav  d  corporation  by  the 
name  of  the  Chicago  and  Canada  Southern  Railway 
Company,  whi(Oi,  by  vi  tue  of  the  laws  of  said  several 
Stat(3a,  has  full  authori;/  to  locate,  construct,  own  and 
operate  a  connecting,  continuous  and  "  ^nsolidated  line  of 
railway  through  said  several  States  oi  Illinois,  Indiana, 
Ohio  and  Michigan,  commencing  in  the  City  of  Chicago, 
Illinois,  thence  running  througli  the  County  of  Cook  to 


i 


22 


IM 


I!   " 

I; 


the  Indiana  State  line,  on  the  western  line  of  the  town- 
ship of  Worth,  in  Lake  County,  in  the  State  of  Indiana, 
thence  through  the  Counties  of  Laki',  Porter,  La  Porte, 
St.  Joseph,  Elkhart,  La  Grange  and  Steuben,  in  the  State 
of  Indiana,  to  the  west  line  of  the  State  of  Ohio,  and 
upon  the  township  line  of  the  Township  of  Florence,  in 
the  County  of  Williams  and  State  of  Ohio,  to  the  north 
line  of  said  State  of  Ohio,  in  the  Township  of  Gorham, 
in  the  County  of  Fulton,  at  tlie  south  line  of  the  Town- 
ship of  Medina,  in  the  County  of  Lenawee,  in  the  State 
of  Michigan,  and  thence  through  the  said  County  of 
Lenawee  and  the  Counties  of  Monroe  and  Wayne,  in  the 
State  of  Michigan,  to  the  eastern  line  of  the  Township  of 
Monguagon,  in  said  County  of  Wayne,  in  the  State  of 
Michigan,  which  last  named  township  line  is  upon  the 
Detroit  River. 


And,  Wheueas,  At  a  regular  meeting  of  the  stock- 
holders of  the  said  consolidated  Railway  Company,  held 
on  the  seventeenth  day  of  January,  A.  D.  1872,  it  was 
voted  that  the  Board  of  Directors  of  said  C(jmpany  be 
authorized  to  issue  the  bonds  of  said  Company,  to  an 
amount  not  exceeding  in  the  aggregate  eight  millions  of 
dollars,  in  bonds  of  one  thousand  dollars  each,  numbered 
from  1  to  8,000  inclusive,  and  to  execute  a  First  Mort- 
gage Deed  of  Trust  of  the  said  Company's  Railway  and 
its  appurter  i.nces,  and  all  their  lands,  and  present  and 
future  property  and  effects  of  whatever  kind  and  nature, 
including  all  franchises  and  appurtenances  thereunto  be- 
longing or  in  any  way  appertaining,  to  secure  said 
bonds. 

And,  Whereas,  The  Board  of  Directors  of  said  Com- 
pany, under  said  authority,  have  determined  to  issue  the 
said  bonds  to  an  amount  not  exceeding  eif/JU  millions  of 
dollars^  to  enable  them  to  complete  said  railway  the  en- 
tire length  thereof,  which  bonds,  when  issued,  are  to  be 
signed  by  the  President  and  Secretary  of  said  Company, 
and  certilied  by  the  Trustees,  parties  of  the  second  part, 


28 

which  certificatioR  sliall  be  conclusive  evidence  that  such 
bonds  are  of  tlie  issue  intended  to  be  secured  by  the  said 
Mortgage  Deed  of  Trust,  which  said  bonds,  so  to  be 
issued,  are  to  be  as  follows,  viz.  : 


THE  UNITED  STATES  OF  AMERICA. 


Illinois,    )        CHICAGO  AND  CANADA 
Indiana,    j^ 


SOUTHERN    RAILWAY    COMPANY 

CONSOLIDATED  CORPORATION. 

First  Mortgnge  Seven  per  oent.  Coupon  Gold  Bond 


(  Ohio, 
(  Michigan. 


Number 


$1,000. 


Know  all  men  by  these  presents,  that  the  Chicago 
and  Canada  Southern  Railway  Company  is  indebted  to 
Andrew  T.  Hall,  of  Boston,  in  the  State  of  Massachusetts, 
and  Kenyon  Cox,  of  the  City  of  New  York,  Trustees,  or 
the  bearer  hereof,  in  the  sum  of  one  thousand  dollars  in 
gold  coin  of  the  United  States  of  America,  which  sum 
of  one  thousand  dollars  the  said  Chicago  and  Canada 
Southern  Railway  Company  promise  to  pay  to  said 
Trustees,  or  to  the  bearer  hereof,  in  gold  coin  of  the 
United  States  of  Ariierica,  on  the  first  day  of  April  in 
the  year  of  our  Lord  one  thousand  nine  hundred  and 
two  (1902),  at  its  agency  in  the  City  of  New  York,  United 
States  of  America,  with  interest  thereon,  in  the  mean 
time,  at  the  rate  of  seven  per  cent,  per  annum,  also  l)ay- 
able  in  like  coin  free  of  government  tax,  at  the  same 
place,  semi-annually,  on  the  lirst  day  of  April  and  Octo- 
ber of  each  year,  on  the  surrender  of  the  annexed  crou- 
pous as  they  severally  become  due  for  suc'h  interest. 

This  bond  is  (me  of  a  series  of  bonds  issued  and  to  be 
issued  to  an  aggregati^  amount  not  exceeding  eight  mil- 
lions of  dollars,  in  bonds  of  one  thousand  dollars  each, 
numbered  froju  1  to  8,000  inclusive,  and  is  secured  by  a 
first  mortgage  deed  of  trust,  dated  the  lirst  day  of  Ai)ril, 
eighteen  hundred  and  seventy-two,  duly  executed  and 
delivered  by  the  Chicago  and  Canada  Southern  Railway 


ii 


HI 


i ;! 


24 

Company,  to  said  Andrew  T.  Hall  and  Kenyon  Cox, 
Trustees,  and  conveying  to  them  and  their  successors  in 
the  trust  the  railway  of  the  said  company,  its  land,  roll- 
ing stock,  tolls,  revenues  and  present  and  future  property 
and  effects,  franchises  and  appurtenances,  and  in  which 
mortgage  provision  is  made  for  a  sinking  fund  to  pay 
said  bonds,  and  the  interest  thereon,  as  they  become  due. 

This  bond  and  all  the  rights  and  benefits  arising 
therefrom,  shall  pass  by  delivery  ;  and  at  the  option  of 
the  holder  thereof,  may  be  registered  for  the  time  being 
in  the  Company's  books,  at  its  office  in  the  City  of 
Chicago,  Illinois,  or  in  the  Company's  books  at  its 
agency  in  the  City  of  Ne^  York,  such  registry  being 
noted  on  the  bond  by  the  Company' s  transfer  officer  or 
agent. 

After  such  registry,  no  transfer  shall  be  valid  unless 
made  in  the  Company' s  books  by  the  person  registered 
for  the  time  being  as  the  owner  thereof,  which  transfer 
shall  also  be  noted  on  the  bond.  Such  registry  will  not 
restrain  or  change  the  negotiability  of  the  coupons  by 
mere  delivery,  but  the  holder  of  such  coupons  may  detach 
and  surrender  the  same  to  be  canceled,  and  have  such 
cancellation  noted  on  the  bond,  in  which  case  the  interest 
will  be  payable  only  to  the  person  registered  for  the 
time  being  as  the  owner  of  this  bond. 

After  registration  as  herein  provided,  and  before  the 
coupon  shall  be  detached,  the  holder  may  transfer  this 
bond  on  the  Company's  books  to  the  bearer,  and  there- 
after it  shall  pass  by  delivery  ;  but  shall  continue  subject 
to  successive  registrations  and  tra nsfers  to  bearer  ns  afor<v 
said  at  the  option  of  each  holder.  Tliis  bond  is  subject 
to  the  conditions  endorsed  hereon. 

This  bond  shall  not  become  obligatory  upon  said 
Company,  until  the  certificate  endorsed  hereon  is  signed 
by  the  Trustees. 


26 


In  testimony  whereof,  the  said  Chicago  and  Canada 
Southern  Railway  Company  has  caused  its  corporate  seal 
to  be  hereto  affixed,  at  its  office  in  the  City  of  Chicago, 
in  the  State  of  Illinois,  and  the  same  to  be  attested  by 
the  signature  of  its  President,  and  the  signature  of  its 
Secretary,  on  the  first  day  of  April,  in  the  year  of  our 
Lord  one  thousand  eight  hundred  and  seventy-two. 
And  said  Company  has  also  caused  the  signature  of  its 
Treasurer  to  be  affixed  to  the  coupons  attached  to  this 
bond,  in  the  manner  provided  by  vote  of  the  Directors  of 
said  Company. 

' ;.,  President. 

ii.S.  [ 

,  Secretary. 


-♦-♦-♦- 


FORM   OF   COUPON. 


35]        THE  CHICAGO  &  CANADA  SOUTHERN         [35 
RAILWAY  COMPANY 

^Will     Pay    to     th.e     Bearer,     at    its    A.gency    in.    the    City 
of  New-York,    on    the day  of 18 

THIRTY-FIVE    DOLLARS, 

IN  UNITED  STATES  GOLD  COIN,    BEING  SIX   MONTHS'  INTEREST   ON  BOND. 
Coupon 

No. Treasurer.  No. 


TRUSTEES'    CERTIFICATE. 

We  liereby  rtu'tify  that  the  witliin  bond  is  one  of  the 
sei'ies  of  bonds  secured  by  the  mortgage  oi"  det^d  of  trust 
nientioncnl  therein,  and  delivered  to  us  as  trustees,  wliieh 
1ms  been  duly  recorded  in  the  proper  counties  in  the 
States  of  Illinois,  Indiana,  Ohio,  and  Mi(;higan. 


Trustees. 


38 


CONDITIONS. 

This  bond,  at  the  option  of  the  holder,  will  be  made  a 
sterling  bond,  on  application  at  the  agency  of  the  Com- 
pany in  New  York,  princ^ipal  and  interest  payable  at  the 
Company's  agency  in  Lcmdon,  England,  or  in  the  City  of 
New  York,  at  the  rate  of  two  hundred  pounds  sterling 
for  the  principal  of  the  bond,  and  seven  pounds  sterling 
for  each  coupon. 


And,  Whereas,  The  said  Chicago  and  Canada  South- 
ern Railway  Company,  party  of  the  first  part  hereto, 
hath  agreed  to  execute  these  presents,  as  and  for  a 
First  Mortgage  Deed  of  Trusty  to  secure  the  said  issue 
of  bonds  aforesaid,  being  strictly  limited  to  the  sum  and 
amount  of  eight  million  dollars  in  the  aggregate,  as  here 
inbefore  stated. 

Now,  THEREFORE,  THESE  PjlESENTS  WITNESS  that  for 

the  purpose  of  securing  the  payment  of  the  said  bonds, 
with  the  interest  thereon,  as  aforesaid,  and  for  the 
further  consideration  of  one  dollar  in  hand  paid  by  the 
said  parties  of  the  second  part  to  the  said  party  of  the 
lirst  part,  the  receipt  whereof  is  liereby  acknowledged, 
the  said  Chicago  and  Canada  Southern  Railway  Com- 
pany, party  of  the  first  part,  hatii  granted^  har gained, 
arul  sold,  and  by  these  presents  dotji  grant,  bargain 
and  selt  unto  the  said  parties  of  the  second  part  all  the 
property  which  the  said  Chicago  and  Canada  Southern 
Railway  Company,  party  of  the  fii'st  part,  now  owns  or 
shall  hereafter  acquire  ;  that  is  to  say  :  The  said  Com- 
pany's railway  in  course  of  construction  and  to  be  made, 
commencing  in  the  City  of  Chicago,  in  the  State  of  Illi- 
nois, aforesaid,  and  running  from  said  City  of  Chicago 
to  the  eastern  line  of  the  Townshi])  of  Monguagon,  on 
the  Detroit  Rivei-,  in  the  County  of  Wayne,  and  State 
of  Michigan,  aforesaid,  being  kx^ated  and  situated  in  the 
States  of  Illinois,  Indiana,  Ohicj,  and  Michigan,  on  the 


27 


line  aforesaid,  including  the  riglit  of  way  and  the  lands 
occupied  thereby ;  and  also  the  superstructure  and 
tracks  thereon  or  to  be  thereon  placed  ;  and  all  iron  and 
steel  rails,  ties,  and  other  materials  placed  or  used  there- 
on, now  or  hereafter  procured  therefor,  and  all  bridges, 
viaducts,  culverts,  fences,  stations,  station-grounds, 
buildings,  and  erections  thereon  ;  and  all  machine-shops 
and  other  shops  held  or  acquired  for  use  in  connection 
with  said  railway  or  the  business  thereof,  and  including 
also  all  locomotives,  tenders,  cars,  and  other  rolling 
stock  or  equipments,  and  all  machinery,  tools,  imple- 
ments, fuel,  and  materials  for  constructing,  operating, 
repairing  or  replacing  the  said  railway,  or  any  part 
thereof,  or  any  of  its  equipments  or  appurtenances, 
whether  now  held  or  at  any  time  hereafter  acquired  ;  all 
of  which  things  are  hereby  declared  to  be  appurtenances 
and  fixtures  of  the  said  railway,  and  to  be  included  in 
and  pass  by  these  presents  ;  and  also  all  franchises  con- 
nected with  or  relating  to  the  said  railway,  or  the  con- 
struction, maintenance,  or  use  thereof,  now  held  or  here- 
after acquired  by  the  said  party  of  the  lirst  part ;  and  all 
corporate  and  other  franchises  which  are  now  or  may 
hereafter  be  held  or  exercised  by  the  said  party  of  the 
lirst  part ;  and  all  property,  personal  or  mixed,  used  on 
the  line  of  said  road  in  constructing  or  operating  the 
same,  together  with  all  and  singular,  the  tenements, 
hereditaments  and  appurtenances  thereto  belonging  or 
in  any  wise  appertaining,  and  the  reversions,  remainders, 
tolls,  incomes,  rents,  issues  and  profits  thereof,  and  all 
the  estate,  right,  title,  interesf,  property,  possession, 
claim  and  demand  whatsoever,  as  well  in  law  as  in  equity, 
of  the  said  i)arty  of  the  first  part,  of,  in  and  to  the  same, 
and  any  and  (^very  part  thereof,  with  the  appurtenances. 

To  HAVE  AND  TO  HOLD  the  Said  premises  and  every 
part  thereof  unto  the  said  parties  of  the  second  part  as 
Joint  tenants,  and  not  as  tenants  in  common,  and  the  sur- 
vivor of  them,  and  to  their  or  his  successors  or  assigns 
forever. 


28 


I'' 

I 'I 


m 


•  Nevertheless,  in  Trust,  for  the  hoMers  of  said 
Bonds  and  upon  the  following  conditions,  covenants  and 
agreements,  and  for  the  purposes  herein  expressed: 

First. — Until  default  shall  be  made  in  the  payment 
of  the  interest  upon  the  Bonds,  or  some  part  thereof,  or 
until  default  shall  be  made  in  something  herein  required 
to  be  done  by  the  Chicago  and  Canada  Southern  Railway 
Company,  the  said  railv^ay  company,  party  of  the  first 
part,  shall  be  suffered  and  permitted  to  possess,  oper- 
ate, maintain  and  enjoy  said  railway,  with  its  equipments 
and  appurtenances,  and  to  take  and  use  the  rents,  in- 
comes, profits,  tolls  and  issues  thereof,  during  the  term 
of  time  the  said  Bonds,  secured  by  this  Mortgage  Deed 
of  Trust,  shall  run  before  maturity. 

Second. — In  case  any  default  shall  be  made  in  the 
payment  of  any  interest  on  any  of  said  bonds,  issued  or 
to  be  issued,  according  to  the  tenor  thereof,  or  in  case 
default  shall  be  made  in  any  of  the  requirements  herein 
to  be  done  or  kept  by  the  said  Railway  Company,  party 
of  the  first  part,  and  such  default  shall  continue  for  the 
period  of  three  months,  it  shall  then  be  lawful  for  the  said 
Trustees,  and  on  request  of  ten  or  more  of  the  holders 
of  said  bonds,  representing  in  amount  one  million  dollars 
thereof,  it  shall  be  their  duty,  personally,  or  by  their 
attorneys  or  agents,  with  or  without  process  of  law  (full 
power  and  authority  being  hereby  given  for  that  pur- 
pose), to  enter  into  and  upon  all  and  singular  the  premises 
hereby  conveyed  or  intended  to  be,  and  each  and  every 
part  thereof ;  and  to  have,  hold,  and  use  the  same  for  the 
benefit  of  the  holders  of  said  bonds  issued  under  these 
presents,  to  pay  the  interest  thereon,  operating  by  thom- 
*^*4ves,  or  by  their  or  his  Superintendent,  Managers,  Re- 
ceivers, or  Servants,  or  other  Attorneys  or  Agents,  the 
said  railway,  and  conducting  the  business  thereof,  and 
making  from  time  to  time  all  repairs  and  replacements, 
and  such  alterations,  additions  and  improvements  thei'eto, 
as  may  seem  to  them  to  be  judiciofus  and  proper,  for  the 


aa 


best  interest  of  all  parties  concerned,  and  to  collect  and 
receive  all  tolls,  freights,  incomes,  rents,  issues  and  profits 
of  the  same,  and  every  part  thereof;  and  from  the  pro- 
ceeds of  such  receipts,  after  paying  all  the  expenses  and 
charges  of  operating  the  said  railway  and  conducting  its 
business  and  all  of  the  said  repairs  and  replacements, 
alterations,  additions  and  improvements,  and  all  taxes 
and  assessments,  said  Trustees  shall  pay  the  interest  due 
and  unpaid  on  said  bonds,  in  the  order  in  which  such 
interest  became  due  and  payable,  ratably  to  the  persons 
entitled  thereto ;  and  after  paying  all  interest  on  said 
bonds,  of  which  default  was  made  by  said  railway  com- 
pany, and  all  interest  which  shall  fall  due  on  said  bonds 
thereafter,  so  that  no  interest  shall  remain  unpaid  and 
no  default  shall  exist  in  anything  herein  required  to  be 
done  or  kept  by  said  railway  company,  said  partj  of  the 
first  part,  then  the  Trustees  shall  restore  the  possession 
of  the  property,  railway  franchises,  and  appurtenances 
to  the  said  railway  company  and  its  successors  ;  and  as 
often  thereafter  as  said  company  shall  so  make  default  in 
the  payment  of  interest  or  in  anything  to  be  done  or  kept 
by  said  company,  on  such  further  request  of  said  bond- 
holders in  number  and  amount  as  herein  stated,  said 
Trustees  shall  take  possession  of  all  the  property  and 
effects   hereby  mortgaged,   or  intended  so  to  be,   and 
operate  said  railway  and  property  as  hereinbefore  stated, 
and  pay  the  interest  in  default  of  payment  as  provided. 

And  it  is  further  stipulated  and  provided,  for  the  pur- 
pose of  giving  an  additional  and  further  security  and 
guarantee  to  insure  prompt  payment  of  the  interest  of 
said  bonds,  as  it  shall  mature  and  become  due  and  pay- 
able according  to  the  tenor  of  said  bonds,  as  follows,  viz.  : 
That  in  case  default  shall  be  made  at  any  time  in  the  pay- 
ment of  any  interest  on  any  of  said  bonds  issued  under 
these  presents,  then  tlie  holders  of  said  bonds  or  any  ten 
or  more  of  t;hem,  acting  for  themselves  and  others  repre- 
senting in  the  aggreg;ate  one  milllion  of  dollars  of  said 
bonds,  shall  have  the  right  at  any  time  after  six  months 


30 


in 


liave  elapw^d  lifter  such  default  shall  hMV(^  been  made  in 
the  payment  of  interest,  and  said  (h'faidt  then  existing-, 
to  elect  and  declare  the  principal  of  all  of  said  bonds  dn(5 
and  payable,  and  that  then  and  in  such  caseth*^  ])rincipal 
of  said  bonds  shall  then  be  deemed  due  and  payable  to 
all  intents  and  purposes  the  same  as  thongh  said  Ixmds 
were  all  due  and  jmyabh^  by  the  terms  thc^reof,  anything 
contained  in  said  bonds  or  herein  to  the  contrary  notwith- 
standing, and  that  in  such  case,  or  in  case  default  shall 
be  made  in  the  payment  of  the  princii)al  of  said  bonds 
issued  or  to  be  issued  under  these  presents,  when  the 
same  shall  beconu^  due  and  payable  according  to  tln^  t(n'ms 
thereof,  at  the  request  of  said  bondholders  to  the  said 
number  and  amount,  the  said  Trustees  shall  immediately 
elect  and  declare  the  principal  of  all  of  said  bcjuds  to  be 
then  due  and  payable,  and  shall  foreclose  this  mortgage 
deed  of  trust  for  the  principal  of  all  said  l)onds  issutnl 
under  these  presents  and  the  interest  unptiid  thereon,  and 
enforce  payment  thereof  as  speedily  as  possible,  instead 
of  operating  said  railway  and  conducting  the  business 
thereof  as  herein  provided  for  in  case  of  default  being- 
made  in  the  payment  of  interest,  and  such  default  con- 
tinued for  a  period  of  three  months. 

And  the  said  Chicago  and  Canada  Southern  Railway 
Company,  party  of  the  lirst  part,  in  such  case  doth  hereby 
irrevocably  authorize  and  empower  the  said  trustees  on 
such  request  to  make  sale  of  all  and  singular  the  prop- 
erty hereby  conveyed  or  intended  to  be  conveyed,  or  so 
much  as  may  be  necessary  to  pay  off  the  said  bonds 
issued  under  these  presents,  and  the  accrued  interest 
thereon  then  unpaid.  Such  sale  shall  be  at  public  auc- 
tion at  the  north  door  of  the  Court  House  in  the  City  of 
Chicago,  Illinois,  or  at  such  other  place  as  the  said  Trus- 
tees may  select,  to  the  highest  bidder  or  bidders,  first 
giving  notice  by  publication  in  one  or  more  leading  news- 
papers of  general  circulation  in  each  of  the  Cities  of 
Chicago,  Detroit  and  New  York,  for  ninety  consecutive 
days  before  the  day  of  the  sale,  setting  forth  the  time 


81 


and  pliKie  and  term^  of  such  sale  and  tlu^  property  to 
be  sold  ;  and  on  such  sale  said  Trustees  may  convey  to 
th<»  })ur(5liaser  or  purchasers,  by  good  and  sufficient  con- 
v(^yance,  all  the  property  so  sold,  which  sale  and  con- 
veyance shall  be  without  redemption  and  without  any 
right  or  claim  of  the  ])arty  of  tlu^  first  part  to  the  benefit 
of  any  valuation  or  appraisement  laws  ;  and  such  sale 
and  conv«eyance  shall  be  a  perpetual  bar  to  all  claims  or 
right  of  said  party  of  th<^  first  part  of  and  to  said  prop- 
(irty,  and  (every  part  thereof,  botli  in  law  and  (equity,  and 
to  all  parties  claiming  from  or  under  the  said  i)arty  of 
the  first  part  forever  ;  and  such  sale  and  conveyance' 
shall  vest  in  the  purchaser  or  purchasers,  his  or  their 
heirs  and  assigns,  full  and  absolute  title  to  all  the  prop- 
erty so  sold  forever.  The  said  party  of  the  first  part,  to 
that  end  hereby  waiving  all  right  and  equity  of  redemp- 
tion tlien  existing  under  the  laws  of  the  States  of  Illi- 
nois, Indiana,  Ohio  and  Michigan,  or  any  one  or  more 
of  said  States,  and  also  hereby  waiving  all  rights  what- 
soever under  appraisal  and  valuation  laws  then  existing 
in  said  States  or  any  of  them. 

It  is  further  provided,  and  by  and  on  the  part  of  the 
party  of  the  first  part,  it  is  agreed  that  in  case  said  Trus- 
tees shall  deem  it  advisable  for  the  interest  of  the  bond- 
holders to  resort  to  judicial  proceedings  to  foreclose  this 
mortgage  rather  than  to  advertise  and  sell  as  herein  pro- 
vided, then,  in  that  case,  said  Trustees  may  proceed  in 
any  Court,  State  or  Federal,  having  Jurisdiction  in  either 
of  the  States  of  Illinois,  Indiana,  Ohio  or  Michigan,  to 
foreclose  the  same,  and  the  equity  of  redemption  of  the 
party  of  the  first  part  in  said  property,  and  enforce  a 
sale  thereof  by  judicial  process  ;  to  pay  and  satisi/  the 
whole  amount  of  said  bonds  with  accrued  interest  there- 
on in  the  same  manner  as  though  said  bonds  were  all 
due  and  payable  by  the  terms  thereof,  which  sale  shall 
be  absolute  and  without  redemption,  and  shall  be  a  per- 
petual bar  to  all  right  or  claim  whatever  of  said  party 
of  the  first  part,  of,  in  and  to  said  propen  ^,  v:     to  every 


32 

part  thereof.  The  Haid  party  of  tlie  first  part  doth  h(?re- 
by  waive  all  right  and  equity  of  red(aiii)tioii  existing  un- 
der the  laws  of  the  States  of  Illinois,  Indiana,  Ohio  and 
Michigan  or  any  one  or  more  of  them,  and  also  all  right 
whatever  under  appraisal  or  valuation  laws  then  ex- 
isting in  said  States,  or  any  of  them,  to  the  end  that 
full,  absolute  and  perfect  title  may  be  made  to  the 
purchaser  or  purchasers  at  such  sale,  in  and  to  said 
property  so  sold  under  judicial  proceedings  as  provided 
for  herein. 


Third. — The  said  Chicago  and  Canada  Southern  Rail- 
way Company,  shall,  from  time  to  time,  and  at  all  timeti 
hereafter,  and  as  often  as  requested  by  the  said  Trustees, 
execute,  acknowledge  and  deliver  all  such  further  deeds, 
conveyances  and  assurances  in  the  law,  for  the  better  as- 
suring unto  the  said  Trustees,  upon  the  trusts  herein  ex- 
pressed, the  said  railway,  the  equipments  and  appur- 
tenances hereinbefore  mentioned,  and  all  other  property 
and  effects  whatsoever,  which  may  at  any  time  hereafter 
be  acquired  for  use  in  connection  with  the  said  railway 
or  any  part  thereof,  and  all  franchises  now  held  or  here- 
after acquired  by  said  railway  company,  as  by  the  Trus- 
tees or  by  their  or  his  counsel  shall  be  reasonably  ad- 
vised, devised  or  required. 

In  case  of  any  sale  of  the  property  under  the  trust,  as 
herein  provided,  and  all  the  outstanding  bonds  issued 
under  the  provisions  hereof  shall  not  be  represented  at 
such  sale,  then  said  trustees  shall  represent  such  of  the 
bondholders  as  are  not  otherwise  represented,  so  that  no 
preference  or  advantage  can  be  gained  by  one  or  more  of 
the  bondholders  over  other  holders  of  said  bonds  on  such 
sale  of  the  property  under  tlit?se  presents.  And  at  any 
such  sale,  under  these  presents,  the  said  trustees,  parties 
of  the  second  part,  may  at  the  request  of  a  majority  in 
value  of  the  said  bondholders,  bid  in  or  purchase  the 
said  property  for  the  benefit  of  said  bondholders,  in  pro- 
portion to  their  respective  interests. 


33 


Fourth. — The  Board  of  Dirpctors  of  tho  Chicago  and 
Canada  Soutlicin  Rnilvvny  Company  may  from  time  to 
time,  by  resolution,  require  siild  Trustees,  by  way  of  re- 
lease or  otherwis*^,  to  discliarg*^  from  the  operation  of 
these  presents,  any  lands  acquired  or  held  for  the  pur- 
pose of  stations,  depots,  shops  or  other  buildings  or 
premises  connected  tln3rewit!i,  or  which  may  be  held  for 
the  su])X)ly  of  fuel,  gravel  or  other  materials,  or  any 
lands  which  may  have  beconu*  disused  by  reason  of  a 
deviation  in  the  said  line  or  of  a  change  of  the  location 
of  any  station-house,  depot,  sho])  or  other  building  or 
premises,  or  any  lands  wiiicii  the  said  Board  of  Directors 
may  d  em  it  exp(3dieiit  to  disuse  or  abandon,  by  reason 
of  sucn  deviation  or  change,  and  which  lands  respec- 
tively shall,  by  resolution  of  said  Board,  be  declared  to 
be  unnecessary  for  the  purpose  and  business  of  said 
Company  ;  and  in  every  such  case,  the  said  Trustees, 
when  so  required,  shall  execute  such  releases  and  dis- 
charges accordingly  ;  and  it  is  hereby  declared,  that  any 
lands  which  may  be  acquired  in  substitution  for  lands 
so  released  or  discharged,  as  well  as  any  lands  subse- 
quently acquired  by  said  company,  for  the  use  or 
convenience  of  its  railway,  or  in  connection  therewith, 
shall  be  deemed  to  come  within  the  oi)eration  of  these 
presents,  and  to  be  included  therein,  and  shall  be  con- 
veyed to  and  held  by  said  Trustees  upon  the  trust  of 
these  presents  ;  and  it  is  further  declared  that  said  Com- 
pany may,  from  time  to  time,  sell  or  dispose  of  any  part 
of  the  equipment,  rolling  stock,  machinery,  implements 
or  material,  at  any  time  lield  or  acquired,  for  the  use  or 
purposes  of  said  railway,  as  may,  by  resolution  of  the 
Board  of  Directors,  be  declared  to  be  no  longer  useful  or 
necessary  for  the  said  company's  business,  and  any  new 
or  [subsequently  acquired  equipments,  rolling  stock, 
machinery,  implements  or  materials  shall  come  within 
and  be  subject  to  these  presents. 

Fifth. — If  the  said  Chicago  and  Canada  Southern 
Rail^yay  Company  shall  well  and  truly  pay  the  bonds 


84 


isHUf'd  un(l«»r  those  pros<'iits  icciiiirrd  to  Ix'  paid  by  wiid 
CoTfipjuiy,  and  all  int<TeHt  tln'rcoii,  according  totlictoiior 
and  «^tt'('ct  ofsak^  bonds,  and  sliail  well  and  tndy  ki^'p 
and  iM'rf'orrn  all  things  herein  iciiuircd  to  be  k(*j)t  or 
pert'ornu'd  by  the  said  C(Hnpaiiy,  accordin*!;  t(»  the  ti  in- 
intent  and  niejining  of  these  ])resents,  then,  in  that  case, 
the  estate,  right,  tith^  and  interest  of  tln^  said  parties  of 
the  second  part,  and  of  their  su(!cess()rs  in  thetrnst  here- 
by created,  and  all  the  e(inity  of  bondholders  in  said 
pro])(U'ty  shall  cease  and  deteimine  and  become  void 
without  any  release  l)y  said  Trustees,  but  it  shall  be  tlu^ 
duty  of  said  Ti'ustees  to  nniunvey  tin?  ])roperty  to  the 
party  of  the  first  ])art,  by  deed  of  lelease.  Otherwise 
these  presents  shall  b<>  and  remain  in  full  foice  and 
virtue. 


II    ! 


—It  is  mutuaHy  agnn^d  by  and  betwecni  tln^ 
parties  lun-eto,  that  the  word  "Trustees,"  as  used  in 
these  })r(^sents,  sliall  be  construed  to  mean  the  Trustees 
for  the  timc^  being,  wlu^ther  one  or  both  be*  original  or 
new,  and  whent^ver  a  vacancy  shall  exist,  to  mean  the 
survivor  or  continuing  Trustee  ;  and  such  Trustee  shall, 
during  such  vacancy,  be  com])etent  to  exercise  all  the 
powers  grant(Kl  by  these  ])resents  to  the  parties  of  tln^ 
second  ])art.  And  it  is  mutually  agreed  by  and  between 
tlie  ])arties  hereto,  as  a  condition  on  which  the  parties  of 
th(^  S(H3ond  i)art  liav(i  assented  to  these  presents,  that  the 
said  Trustees  shall  not,  in  any  manner,  be  responsible 
for  any  default  or  misconduct  of  each  other ;  and  that 
said  Trustees  shall  be  entitled  to  just  compensation  for 
all  services  which  they  may  her(»after  rendm'  in  their 
trust,  to  be  paid  by  the  saia  Company,  and  that  either  of 
the  said  Trugtees,  or  any  successor,  may  resign  and  dis- 
charge Inmself  of  and  from  the  trust  created  by  these 
presents,  by  notice,  in  writing,  to  the  Chicago  and  Can- 
ada Southern  Railway  Company,  and  to  the  existing 
Trustee,  if  there  be  such,  ninety  days  before  such  resig- 
nation shall  take  effect,  or  such  shorter  notice  as  they 
may  accept  as  adequate  notice  ;  and  that  the  said  Trus- 


35 


y^  Haid 
'tenor 
'  k(M']) 
•j)t  or 
B  true 
t  caHc, 

t'U'S  of 

t  licro- 
11  said 
t^  void 
be  tlie 
to  the 
crwise 
X!  and 

en  th(^ 
LSed  in 
ruHteea 
inal  or 
■an  the 

shall, 
all  the 

of  the 
letween 
rties  of 
hat  the 
lonsibh^ 
id  that 
^ion  for 
n   th(Mr 
ither  of 
ind  dis- 
y  these 
lid  Can- 
existing 
h  resig- 
as  they 
id  Trus- 


tees, or  (Mther  of  tlieni,  and  Mmmi-  or  his  suriM'ssoi-  or 
8U('.(;e88ors,  may  l)e  reniov<'(l  hy  the  vote  of  a  injijority  in 
interest  of  the  hohh'rs  of  the  afoi'i'said  bonds  tlieii  out- 
standing, the  said  vote  being  had  at  a  meeting  ealled  by 
th(^  liolders  of  at  h'ast  five:  inindred  thousniid  (h)Uars  of 
said  bonds,  by  advertisement  i»nblished  foi-  thirty  days 
in  a  daily  ne\vs})a})er  of  hirge  circulation  in  eacii  of  tln^ 
cities  of  (Chicago,  Detroit  and  New  York,  respectively; 
and  at  said  meeting  said  bondholders  may  vote  in  person 
or  by  ))i-()xy,  and  their  said  vot(^  shall  be  attested  by  an 
instrunu'iit  iin(h'r  the  hands  and  seals  of  the  persons  so 
voting.  And  in  case  a  vacancy  shall  occur  in  said  Ti-us- 
teeship  by(h';ith,  resignation  or  otherwise,  or  in  (uise  said 
Trusteeship  become  entirely  vacant,  the  same  may  be 
tilled  by  said  bondholders  at  any  time  within  ninety  days 
after  the  same  shall  (XH-ur,  at  a  meeting  called  by  the 
same  number  of  l)ondholders  antl  in  the  '^•;iTne  manner  as 
])rovid<>d  above  for  the  removal  of  a  Trustee,  and  tln^  ])ro- 
ceedings  at  such  meeting  and  tln^  attestation  thereof 
shall  be  the  same  as  is  above  })rovided  in  cast^  of  a  meet- 
ing for  the  removal  of  trustees,  and  in  case  said  vacancy 
is  not  so  tilled  within  said  ninety  days,  then  either  the 
remaining  Trustee,  if  there  be  one,  or  the  Board  of  Din^c- 
tors  of  said  Railway  Com])any  may  a]»})ly  to  any  Court, 
State  or  Fedeial,  having  (chancery  jurisdiction,  in  either 
of  the  Stat<'s  of  Illinois,  Indiana,  Oliio  or  Michigan,  for 
the  a])])()iiitment  of  [I  new  Trustee,  giving  such  notice  to 
the  other  as  the  Court  may  direct.  And  such  Trustee  or 
Trustees  so  aj)pointe(l  shall  have  all  the  right  and  title, 
and  be  clothed  with  all  the  power  and  subje(;t  to  all  the 
duties  herein  mentioned  in  the  same  manner  and  to  the 
same  extent  as  if  named  in  this  Mortgage  as  such  Trus- 
tee or  Trustees. 

Seventh. — It  is  further  provided  and  agreed,  on  the 
part  of  the  party  of  the  tirst  part,  that  in  cas(?  the  said 
Trustees  shall  neglect  or  refuse  to  perform  any  duty  un- 
der this  trust,  as  to  taking  possession  of  the  property 
and  making  sale  thereof  as  herein  provided,  or  to  fore- 


36 


close  this  Mortgage  Deed  of  Trust  in  any  Court  liaving 
jurisdiction  thereof  in  either  of  said  States,  as  herein 
provided,  on  demand  of  ten  or  more  of  the  said  bond- 
holders as  herein  provided,  then  in  such  case  of  neglect 
or  refusal,  said  bondholders,  or  any  ten  or  more  of  them, 
hv  Iding  an  amount  in  the  aggregate  of  one  million  of  dol- 
lars, shall  have  the  right  and  i)ower  irrevocable  to  insti- 
tute such  proceedings  in  any  Court,  State  or  Federal, 
having  jurisdi(5tion  of  the  subject  matter  in  either  of  the 
States  of  Illinois,  Indiana,  Ohio  or  Michigan,  thi'ough 
which  said  railway  may  be  constructed,  in  their  names, 
for  themselves  and  all  other  holders  of  said  bonds  issued 
under  and  secured  by  these  presents,  as  may  or  will 
protect  the  holders  of  said  bonds,  and  insure  a  decree 
of  foreclosure  and  sale  of  the  pj'operty,  and  a  closing  of 
said  trust ;  to  pay  and  satisfy  the  interest  due  and  un- 
paid on  said  bonds,  or  the  ]jrincipal  thereon,  to  the  full 
protection  of  tlie  holders  of  said  bonds  in  all  things  under 
these  presents,  making  said  Trustees  parties  defendant, 
and  charging  such  neglect  or  refusal. 

And  it  is  further  agreed  that  the  hokh^rs  of  any  of  said 
bonds,  after  registration  thereof,  as  provided  in  said 
bonds,  may  trom  time  to  time  transfer  the  same  on  the 
books  of  the  Company,  as  providc^d  in  said  bonds. 


Eighth. — The  said  Chicago  and  Canada  Southern 
Railway  Company,  party  of  the  first  part,  hereby  cove- 
nants and  agrees  that  said  Conipan}^  shall  and  will  pay 
the  principal  and  interest  of  said  bonds  to  the  several 
holders  and  owners  thereof^  when  and  as  the  same  shall 
become  due  and  payable  according  to  the  tenor  and  eH' ct 
thereof,  and  shall  and  will  assum<^  and  pay  all  taxes  that 
may  be  assessed  upon  said  bonds  from  time  to  time  by 
the  government  of  the  United  States,  and  also  all  taxes 
assessed  upon  said  mortgaged  property  or  any  part  there- 
of, both  general  and  special,  in  the  several  States  through 
which  said  railway  extends,  so  that  said  property  mort- 
gaged shall  be  free  from  all  liens  or  charges  for  taxes  or 


37 


lavmg 
lierein 
bond- 
leglect 
tliem, 
ofdol- 
»  insti- 
3dei'al, 
of  the 

U'OUgll 

names, 
issued 
or  will 
decree 
►sing  of 
bud  iiu- 
tlie  full 
:4  under 
t^ndant, 


of  said 
in  said 
on  tlie 


3utliern 
>y  cove- 
vill  pay 

several 
[le  shall 
id  eiTV'ct 
xes  that 

time  by 
11  taxes 
rt  there- 
through 
ty  mort- 

axes  or 


assessments  in  said  States  of  whatever  kind  or  nature. 
Said  bonds,  or  any  of  them,  at  the  option  of  the  holder, 
will  be  made  sterling  bonds,  on  application  at  the  agency 
of  the  Company  in  New  York,  principal  and  interest 
payable  at  the  Company' s  agency  in  London,  England, 
or  in  the  City  of  New  York,  at  the  rate  of  two  hun- 
dred pounds  sterling  for  the  principal  of  the  bond,  and 
seven  pounds  sterling  for  each  coupon. 

Ninth. — And  the  Chicago  and  Canada  Southern  Rail- 
way Company  hereby  covenants  and  agrees  to  and  with 
the  said  party  of  the  second  part,  that  said  Company 
shall  establish  a  Sinking  Fund  adequate  for  the  redemp- 
tion and  retiring  at  par  of  all  of  said  bonds  in  the  gold 
coin  of  the  United  States  of  America  at  the  maturity 
thereof ;  and  that  said  Sinking  Fund  shall  be  used  for 
such  redemption  and  retiring  of  said  bonds  and  for  on 
other  purpose ;  and  that  said  Company  will  commence 
establishing  and  creating  said  Sinking  Fund,  and  pay  into 
said  fund  on  or  before  the  first  day  of  April,  one  thou- 
sand eight  hundred  and  seventy-eight  (1878),  one  hun- 
dred thousand  dollars,  and  will  continue  to  pay  into  said 
Sinking  Fund,  on  the  first  day  of  April  of  each  year,  an 
amount  increased  each  succeeding  year,  so  that  said 
Sinking  Fund  shall  be  adequate  to  redeem  and  retire  all 
of  said  bonds  by  the  time  they  mature  by  the  terms 
thereof ;  that  is  to  sa} ,  said  Company  will  pay  into  said 
Sinking  Fund  for  the  use  and  purpose  aforesaid  the 
several  sums,  and  at  or  before  the  dates  as  follows,  viz.  : 

On  the  first  day  of  April,  in  the  year  A.  D. 

1878,  the  sum  of $100,000 

On  the  first  day  of  April,   in  the  year  A.  D. 

1879,  the  sum  of $118,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1880,  the  sum  of $136,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1881,  the  sum  of $156,000 


I  I 


38 

On  the  first  day  of  April,  in  the  year  A.  I). 

1882,  the  sum  of $173,000 

On  tlie  first  day  of  April,  in  the  year  A.  D. 

1883,  the  sum  of $191,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1884,  the  sum  of.. $210,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1885,  the  sum  of '. $228,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1886,  the  sum  of $246,000 

On  the  first  day  of  Ai)ril,  in  the  year  A.  D. 

1887,  the  sum  of _   $265,000 

On  the  first  day  of  Anril,  in  the  year  A.  D. 

1888,  the  sum  of $283,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1889,  the  sum  of $301,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1890,  the  sum  of. $321,000 

On  the  first  day  of  April,  in  the  year  A.  B. 

1891,  the  sum  of $338,000 

On  the  first  d?iy  of  April,  in  the  year  A.  D. 

1892,  the  sum  of $350,000 

On  the  first  day  of  Aj)ril,  in  the  year  A.  T>. 

1893,  the  sum  of $376,000 

On  the  first  day  of  April,  in  the  year  A,  D. 

1894,  the  sum  of $393,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1896,  the  sum  of $411,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1896,  the  sum  of. '. $431,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1897,  the  sum  of $448,000 

On  the  first  day  of  Aj)ril,  in  the  year  A.  D. 

1898,  tlie  sum  of. $466,000 

Oh  the  first  day  of  April,  in  the  year  A.  D. 

1899,  the  sum  of $486,000 


73,000 
91,000 
10,000 
28,000 
146,000 
165,000 
J83,000 
301,000 
321,000 
338,000 
350,000 
376,000 
393,000 
411,000 
^431,000 
448,000 
H66,000 
1486,000 


89 

On  th(»  first  day  of  April,  in  tlie  year  A.  D. 

1900,  the  Sinn  of $503,000 

On  tlie  first  day  of  April,  in  the  year  A.  D. 

1901,  the  sum  of $522,000 

On  the  first  day  of  April,  in  the  year  A.  D. 

1902,  the  sum  of $542,000 

Amounting  in  the  aggregate  to  $8,000,000  ;  and  the 
amount  hereby  appropriated  for  the  redemption  of  said 
bonds  shall  be  applied  as  thus  appropriated  to  the  pur- 
chase of  bonds  issued  under  these  presents  at  the  lowest 
rates  at  which  said  bonds  can  be  purchased,  not  however 
exceeding  the  par  value  thereof  and  tlie  accumulated 
interest  thereon,  and  to  effect  this  the  Board  of  Directors 
of  said  company  will,  by  public  advertisement  each 
year,  solicit  offers  of  such  bonds  to  the  amount  appro- 
priated in  each  respective  year  for  this  purpose.  But  if 
sucli  bonds  cannot  be  purchased  at  par,  the  said  Board  of 
Directors  will  be  at  liberty  to  purchase  said  bonds  at 
their  market  value,  or  to  invest  the  amount  thus  appro- 
priated in  any  other  way,  which  in  their  judgment  will 
be  most  for  the  interest  of  the  Sinking  E'und.  The 
bonds  of  said  compau}"  so  purchased,  together  with  the 
coupons  attached,  shall  immediately  upon  the  purchase 
thereof  be  cancelled. 

The  bonds  secured  by  this  mortgage  deed  of  trust  are 
stamped  when  issued  as  required  by  the  United  States 
Internal  Revenue  laws. 

In  testimony  whereof,  and  in  pursuance  of  a  resolu- 
tion of  the  Board  of  Directors  of  the  said  Chicago  and 
Canada  Southern  Railway  Company,  passed  on  the 
twenty-fourth  day  of  January,  in  the  year  one  thousand 
eiglit  hundred  and  seventy-two,  the  said  Railway  Com- 
pany of  the  first  part  lias  caused  its  corporate  seal  to  be 
affixed  to  these  presents,  at  its  office  in  the  City  of  Chi- 
cago, in  the  State  of  Illinois,  and  the  same  to  be  attested 
by  the  signature  of  its  President  and  the  signature  of  its 


^ 


;  f 


i)  iii: 


40 

Secretary,  and  the  said  Trustees  have  hereunto  set  their 
respective  hands  and  seals  to  testify  their  acceptance  of 
the  said  trust,  the  day  and  year  first  above  written. 

Attested  by 

President  of  said  Company. 

Attested  by 

Secretary  of  the  Company. 

The  undersigned  hereby  accept  said  Trust. 

,    [SEAL.] 

,  [seal.] 

TVtistees. 

Signed,  sealed  and 
delivered  in  presence  of 


m\ 


u 


^. 


M  Moftgage,  1  h\  Cent.  Sinking  Fund  Bond, 


It  "^  'Hi  r  fH 

"S**    »     ''s^        ^"^       ^^ 


% 


Payable,  Principal  &  Interest  in  U.  S.  Gold  Coin. 

INTEEEt^T    PAYABLE 

^^ril  ht  dt\d  October  ht  in  cHcfj  §m, 

ra  i(i;w/  YQMK. 


-»■-«♦»•+- 


TRUSTEES'  CERTIFICATE. 

We  hereby  certify  that  the  icitJiin  Bond  is  one  of 
the  series  of  Bonds  secured  by  the  Mortfjaye  or  Deed  of 
Trust  mentioned  titer ein,  and  delii^ered  to  us  as  Trustees, 
which  has  been  duly  recorded  in  the  proper  Counties  in 
the  States  cf  lUinois,  Indiana,  Ohio  and  Michigan. 


y  Trustees. 


jasi^;,„.*^.^, 


^itoiv  hU  f^m  bf)  tbcne  ^resenfSt  ^^^  //^  chicaco  and  ca 

^     3Sc'j^C'n,     tn     //e     rj/a/e    f/    t.^a^jdac/iade^/d ,     ana    ^:^:en^cn     ^ccc,     c/  //ie     ^e/y 

~v:off>/i(niu  /ti' //ft.te  fr-  /tay  /'■  Jf/n/  -^/>u.iffe.\  oi  /o  <Vw>  /'eaUi  AeUo/,  tn  '~{y.o/(/  H^cin  f>/  <ne  ^/inUec/  QftatiA  of  G4 
a>i(/  <H<o  //fJ02,/  a/  th  ai^eticy.  ///  //le  V'' tfu  o/ Gyiew  WoiA;  '^//nUec/  '^//a^e.^  0/  Q^t/niica,  /t'i//i  in/eifit  meif, 
Ate  (■/  (/fi'i.iii/iien/  fur,  tif  //?<■■  .utme  /i/ctce.  te/)/i^annuaff»,  on  me  /<iif  (/au  //  ^^/tu/  am/  Ucfovei  0/  Kir/i  utai,  i 
Q/ftt^  /■/■/»(/  (J  f/ie  1/  a  Mtri.)  f/  /oncn  iMiixi  rnia  fo  ^e  rMu^a  /o  an  aaaieriate  anirunf  no/  erceef/tna  etynf  /nit/eon 
a?i'/  /.)  .>ecn>e</  Au  a  //>,>/  n/o'/fi/ai^e  i/e/u  0/  /luif,  (latea  l//e  /tiit  (/au  n/  Gt/iu/,  eiynfeen  /lunaiet/ ana  devfin/u-f/co,  r/u 
/o  'au/  '^.^ni/>eiiA  -'Z.  &/ca/(  an(/  --//enuon  /fox,  Q/lu:>/ee,\  anf/  conveytna  fo  /netn,  an(/  /n/ei  McceMoh*  en  /ne  (iitif, 
/ufiO'  /lio/tti/ty,  ana  ef/ec/i.  paticni.te.*  una  aA/iuifenancei,  am/  en  iia/iicA  moifaaae  Mov/Mon  /.i  mae/f-  /( >  a  Hn/tni 
^//t<i  /otif/  <in(/  a//  //le  tir//i/a  ana  /ftie/i/j  aU^itia  Meff/iciH,  4/(1//  /laja  /»  (u/ti/ety  ,■  ana  a/  Me  «/i/ton  Of  //le  /ir/</t 
'■/  K/ttcayc  <y//ituea,  ci  (<n  //if  ^'nt//ani/'is  /(<A<i  a/  «/tl  aytucy  in  me  ce/y  c/  ^yffw  U04/' ,  <iacA  teata/tt/  /etna  *to/ea  c*i 
ra/('/  t'nMi  mar/i  in  //le  Tcftn/iany  d  /o(/'a  /y  //le  /idaon  ttyt^/e^et/ /oi  ///e  /ettie  /etny  a<i  //it  cwnei  //etec/  it/tcn  /tand/el 
//(  coti/iona  /y  >/ie4e  f/e/tiie4y,  /it/  //e  /n/t/et  c/  4(ie/i  ccti^e*i4  may  tK/aen  attei  Jentent/i  //le  janie  /o  /e  eattc<//f(/  ant/  /lai 
iiyid/elet/ /nl  //le  /ime  /einy  «J  //e  fn net  0/  //u  fiont/.  tJ^v/fel  ieaia/ta/ton,  aa  /ttetu  /ilovit/et/,  ant/  ot/cif  //t  ryti/itn  -i/a//  I 
t/  4n«//  /iad4  /y  t/i/ii'eiy  /  /tt/  j/ii// 1  n/t/iiie  ait/yec/  /o  dticcejitttie  teaid/ta/icn4  tim/  /t.and/et.i  /o  /ealfl,  tu  a/otedait/  a/  //le  f/i 
/le/  /fcr,me  tZ/tya/tty  n/icn  datt/  Krtn/iany,   nn/t/ //le  tret /<j/tea/e  ent/eidet/ ne4(0n  id  dtynet/ /y  Mt    ,yitid/etd. 

|^Hlt($timoiU|  tvhdtof,  the  mid  Chicago  and  Canada  Southern  Railway  Company  has  fan><ed  its  corpon 

same  to  lie  attesttd  tnj  the  sir/nafufe  of  its  President,  and  the  siynatiire  of  its  Secrettiry,  on  the  first  day  of  April,  in  t 

And  said  mmpavy  has  (tiso  caused  the  signature  of  its  Treasurer  to  he  affixed  to  thi-  coupons  attached  to  th 


<.,/> 


/■ezl'i 


€Ci€.'i€l-lt/. 


^■i'iTC'»0'»<^j»o'»wfi»(g>»''(iiijC'(i;!i(j^(.»»oia>giiiiO'a'-''iioy 
corpoN  NO.  00.  ; ; 

The  Chicago  and  Canada  Soulhero  Railway  CompaDy  :  > 

Will  pay  to  the  bfiirtr,  at  itit  Aifciicy  in  the  City  of  New  York, 
uri  tlio  linit  ilay  of  April.  IWi,  THIRTY  FIVE  noM.AHS,  in 
l'iilt«d  SUtM  Gold  Coil),  being  six  moDthH'  interest  on  Bond 

No 


J.      t36.00  TTiaturrr 


ws. 


'W 


COn-ON  NO.   50. 

The  Chicago  and  Canada  Southern  Railway  Company 

Will  pay  to  the  hearer,  at  its  Agency  in  the  City  of  New  York, 
on  the  flfHtday  of  October,  1901,  THIRTY-FIVE  DOLLARS,  in 
*  I    United  SUteii  Gold  Ooin,  being  titx  monthfi'  Interest  on  Bund 
t  I    No 


ji     f  3.').  (X)  Treaiurer.     <  ^ 

)Q»k'  '•.ml  e-iOeiii)  i3^<Ba><fflii>''<SCei€>«€)gC>'0C»<i>ii)eni)'B<Q( 


COn'ON  NO.   iJS. 

^1  The  Chicago  and  Canada  Soulhern  Railwa] 

(J  Will  pay  to  the  bearer,  at  it.s  Aiteucy  in  the  City  o 
( )  on  the  (irjt  day  of  April,  1901,  THIKTY-FIVK  D( 
< '    United  States  Gold  Coin,  being  »ix  months'  inter 


}35.00 


Jtoa«a><gie'Bi«)gl€ia<i)WiO'c'aig€>©€igl<t)'B« 


B    OF 


SEVEN  PER  CENT.  COTJt?^ 


GOIS  ^■^■ 


tttti 


^/^  CHICAGO  AND  CANADA  SOUTHERN  RAtLWAV  COMPANV  a  mMe</ /o  ^s^m/iew  W.  ^a//, 
ccc,     o/  l/ie     ^t/y    c/   r^yj  eti^     r/ci^,      tJiua/eed,     oi    me    ^eaiei     Aeiee/^     m     me    dum     c/ 

'i/ia^ei  o/  Qrmeiica,  wfiicA  m/m  r/  one  mouiam/  r/r/Yuii,  //«  .iaer/  -KrAtcar/o  a/ie/  &ana(/a  G^uiAetn  ^lai/ifai/ 
'e  ^((nifea  S/tadA  o*  Q't/>ie>ica,  on  </ie  /lUt  aau  o/  Q^/iii/,  tn  Me  '-uea'/'  of  nui  ,^£oia  one  inotoana  nine  nu/ic/let/ 
iifUca,  ii'f/n.  inMeit  me>u-/t,  e/i  Me  mean  hn//,  af  M/  ia&  o/  ieven  At>  ce?i^.  he/  annum,  aSo  /lauuv^  in  (Me  corn 
/  C/cfoOei  o/ eac/i  ■ueai,  on  Mte  ^uiienaei  o/  M/f  annrxti/  couAon^  ai  ine-u  ieueta/cu  oecome  t/ue  /oi  JucA  tn/e>eif. 
/  e.rceer/inf/  eian(  /nlMtoni  of  f/cf/ai>,  tn  vonai  o/  one  Moudana  f/ofea>,)  eaM,  nu/n.l>eiea  fiotn  /  <o  6',000  tne/uMve, 
n(/iea  an(/ ieuenfi/^ftco,  (/ufu  exeeutec^  ana  </e(ii/ele(/ 6-fj  Me  -K>nicaao  an(/  '/hana(/a  ^^i^uMiein  J^at(u/au  -fyo?nhani/, 
'Afti  it/cceMoiJ  en  Me  fttnf,  Mie  iaicu/ay  of  Me  iatu  comhanu,  eify  (ana,  iowna  .i(oc4,  (o(i&,  ievcnuet  ana  /ile,>enf  am/ 
<•>/  /.i  /nae/e  /f>  a  un/fina  /una  to  Aau  iau/  Oonr/i,   ane/  Me  tnieieif  (Aeiecn,   ai  (//eit  Oeconie  clue. 

■e  a/  Me  f/(fyn  r/  Me  Actaet  Me  tee/  may  /'e  teyftd/eien  /oi  Me  tt'nie  /leena  tn  Me  &fin^any'j  /'(OKa,  a/  <Vj  c//(ce  <ti  Me  ci/i/ 
'■ten  teytii////  /eifia  *ic/ef(  fn  Me  /•(•»</  /y  Me  ^ont/ittMy  'a  (latiMt  cfficet  ci  ayen/.  i^j/Zet  attc/i  teyially,  no  /tf4ini/et  d/a//  /e 
emet  Meieey,    wntM  (tana/et   <i/iaM  a/.io   ^e   no/eet  on   M^  vona.         MitM  teytilhy    Uitt/  no/    tea/iain   't   cAaiiye  Me  neaf/taot/t/y   c/ 

/o  (e  caMctMrtr,  <i/ifr  /i</iie  iiitc/i  cei/iefMi/ffi  nc/et/  cn  Me  vona,  /■//  if/te/i  eaae  Me  tfi/eted/  wt/e  te  Anyar/e  on/y  />  Me  AeiMn 
t(/  /e/ote  Mr  /!ot//tr./i  .iAaU  Oe  tte(acfie/r.  Me  Aofrtei  fnai/  /lan.tfel  Mi-i  oomt  on  Me  wcm/iany'd  ooon-i  /o  Me  /ealel,  ana  Meieei/fet 
tiel,    (i.i   it/ote-intr/,   a(  (/fe  r/i/roit   0/ encf/  noir/el.  lynii   f'onrr  tii  ,irto/ec(  (o   Me  con(/t(to)U  enacuen  Aeteon.  ,Mntd   /tonti  MaM 

(etii. 

'ly  has  caused  its  corporate  seat  to  he  hereto  ajfj'.red,  ai  its  office  in  the  city  of  Chicago,  in  the  State  of  Illinois,  and  the 

he  first  day  of  April,  in  the  yvar  of  om-  Lord  one  thouxand  eight  hundred  and  xercntv-two. 

'hi',  coupoiiti  (iltaclii'd  to  this  bond,  in  the  manner  provided  hy  vote  of  the  Directors  of  said  Company. 


l€4-i' 


^e-n/. 


ftCTaiO'.ao@0'a.flw>a'[B  ^(ao'Siq'ace  oci  o  ro«        ^^ 


COLI'ON  NO.   58. 


cap  and  Canada  Southern  Railway  Company 

y  til  tile  bt'iirer,  at  it.s  Agtucy  in  tby  City  nf  New  York, 
8t  .lay  of  April,  1901,  THIRTY  FIVK  D0LLAK8,  in    (  ) 
tateR  Gold  Coin,  being  »ix  months'  interest  on  Bund    ;  ^ 


Treamrer. 


S^ 


w 


^iO(i8.CTiaq<ij0Tia®Bc?e>(»aa'aG><B(!>e.0!«a>QC!y@O! 

COUPON"  NO.  57. 

The  Chicago  and  Canada  SoDthero  Hallway  Company 

Will  pay  to  tbe  bearer,  at  \U  Agency  in  the  City  of  New  York, 
on  the  lirstday  of  October,  1900,  THIRTY-FIVE  DOLLARS,  in 
Tnited  States  (Jold  Coin,  Iwing  six  iDontlu'  interest  on  Bond 

No 

$35.00  Treasurer,    i, 

'£i'aD®tt>«oqo'fflit>«a«<i)'e>ij'a<pq€)e0giiQg>oo<Pii{, 


w 

1) 


COUPON  NO.   5li.  I  ) 

1 1  The  Chicago  and  Canada  Sonlbern  Railway  Company  j ! 

Will  pay  to  (he  bearer,  at  its  Ageiu-y  in  the  City  of  New  York,  (  ) 

on  the  nrst  day  of  April,  1800,   THIRTY-FIVE  DOLLARS,  in  0 

United  States  Gold-Coin,  being  six  months'  interest  on  Bond  I  ^ 

No j) 

$35.00  Treaturer. 


<^J.'A«»^^-.  ^. 


T 


V- 


^1 


CoyDlTION. 

This  Bund,  at  the  option  of  the  holder,  wit/  In- 
made  a  Sferlinf/  Bond  on  application  at  the  Aaeneii 
oftheVompanj/in  New  Yorl' :  Prinrijml  and  In- 
terest payaldeot  the  Company's  Aijenrii  in  London, 
England,  or  in  the  Vity  of  New  Yorl;  at  the  rate  of 
two  hundred  pounds  sterliny  for  the  prineipal  of 
the  Bond,  and  seTenponnds  sterling  for  each  coupon. 


Fiist  Moftgaie, 


Payable,  Princips 

INT. 

g^ril  hi  iu\i 


TRUST 
We  herehy  cer 
the  series  of  Bonds 
Trust  mentioned  th 
which  has  Iteen  dn 
the  States  of  IlUm 


■ 


'me,. 


M  Moft|agei }  Pet  Cent,  Sinking  Fund 


Payable,  Principal  &  Interest  in  U.  S.  Gold  Coin. 

IXTKRKST    PA  TABLE 

^pril  hi  m\d  October  hi  in  eacff  Qenr, 


TRUSTEES'  certificate:. 

M^e  licit')!/  fcitify  that  the  within  Bund  is  uiw  of 
the  .scries  of  Bonds  secured  1)1/  the  Murtf/iuje  or  Deed  of 
JVi/sf  mc/itioiicd  therein,  and  delioered  to  us  as  Trustees, 
whicJi,  has  l)een  duly  recorded  in  the  praper  Counties  in 
the  states  of  Illinois,  Indiana,  Ohio  and  Mtc7iif/an. 


Trustees. 


Condition. 
■    ■'  ^ 

A  Sinking  Fund  will  he  cstattlished  by  this  Company 

in  pursuance  of  the  Mortyaye  Deed  of  tru.st,  adequate 

for  the  redemption  and  retirement  of  all  the  Bonds  qf 

this  series,  l)efore  the  maturity  thereof,  by  j)ayinfi  info 

the  same  the  sums  mentioned  t)clow  in  i/old  coin,  on,  or 

before  the  respectice  days  merdioned  below : 


TIME   OF   REDEMPTION. 


Ou  the 
On  the 
On  the 
On  the 
On  the 
On  the 
On  the 
Ou  the 
On  the 
Ou  the 
On  the 
On  the 
On  the 
On  the 
Ou  the 
On  the 
On  the 
On  the 
Outhe 
On  the 
Outhe 
On  the 
On  the 
Outhe 
On  the 


first  day 
tirst  ihiy 
first  (hiy 
first  day 
first  day 
first  day 
firat  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 
first  day 


of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  iu  the 
of  April,  iu  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 
of  April,  in  the 


SUMS  PBOVIDED  THEKEFOIi. 

year  A.D.  1878,  the  sum  of  8100,000. 
year  A.D.  1870,  the  sum  of  S118,()0(*. 
year  A.D.  1880,  the  sum  of  J8ia6,000. 
year  A.D.  1881,  the  sum  of  8156,000. 
year  A.D.  1882,  the  sum  of  8173,000. 
year  A.D.  1883,  the  sum  of  8101,000. 
year  A.D.  1884.  the  sum  of  8210,000. 
year  A.D.  1885,  the  .sum  of  $228,000. 
year  A.D.  1886,  the  sum  of  $2i6,000. 
year  A.D.  1887,  the  sum  of  8265,000. 
year  A.D.  1888,  the  sum  of  8283,000. 
year  A.D.  1880,  the  sum  of  8301,000. 
year  A.D.  1800,  the  sum  of  8321,(M)0. 
year  A.  D.  1891,  the  sum  of  8338,000. 
year  A.D.  1892,  the  sum  of  835(i,(W0. 
year  A.D.  1893,  the  sum  of  $376,000. 
year  A.D.  1894,  the  sum  of  $303,000. 
year  A.D.  1895,  the  sum  of  $411,000. 
year  A.D.  1896,  the  sum  of  8431,000. 
year  A.D.  1897,  the  sum  of  $448,000. 
year  A.D.  1898,  the  sum  of  $406,000. 
year  A.D.  1899,  the  sum  of  $486,000. 
year  A.D.  1900,  the  sum  of  $503,(X)0. 
year  A.D.  1901,  the  sum  of  8522,000. 
year  A.D.  1902,  the  sum  of  $642,000. 


